PEHIProject for the Exposure of Hidden Institutions (Europe)
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In a disclosure to the Philippine Stock Exchange on Friday, Pehi's parent conglomerate, Phinma Corp., said its board had approved the signing of the investment agreement with Kaizen and ADB.
Under the agreement, the new investors are entitled to two out of 11 board seats at Pehi.
30, 2019, and subject to the fulfillment of certain closing conditions, Phinma will remain the majority stockholder of Pehi, keeping a 68.6-percent interest.
Pehi is the holding company for Phinma's investments in educational institutions.
A disclosure in Philippine Stock Exchange (PSE) revealed Friday that the Board of Directors of PHINMA Corporation authorized the signing of the Investment Agreement (Agreement) by and among PEHI, Kaizen, and ADB for a subscription in the total amount of P1.6 billion-worth of newly-issued shares representing 20.28 percent stake in PEHI.
This is out of the eleven seats at PEHI Board of Directors.
"Upon closing of the transaction which is expected on or before September 30, 2019 , subject to the fulfillment of certain closing conditions, PHN will remain as the majority shareholder of PEHI," PHN told the stock exchange.
Moreover, PHN has waived its rights to subscribe to new shares in PEHI in favor of the investors.
Chapters 1 and 3 present concise biographies of two eminent Maori rangatira, Te Ara and Te Pehi Kupe, focusing on two opposing images: whipscars and tattoos.
The third chapter, "Te Pehi Kupe's Moko," narrates the life of a young Maori chief, Te Pehi Kupe, who, like Te Ara, embodied the mana and tapu of his family and community.
"Melville's Furious Life," the fourth and final chapter of Sanborn's study, reexamines the figure of Queequeg in l ight of Craik's presentation of Te Pehi Kupe in The New Zealanders and other narratives that feature the Maori.
His biographies of Te Ara and Te Pehi Kupe, which document not only the men's lived experience, but also their circulation in a variety of Anglo-American texts, are rich and engaging.